This property looks like a bad Airbnb investment with a projected -27.21% first-year return on $131k initial cash invested.
-27.21%
Cash On Cash
0.01%
Cap Rate
0
DSCR
$1,541
Rent
-$2,979
Cashflow
Cash Flow
$1,541 income − $4,520 expenses = $2,979 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$108k
Closing costs
1%
$5,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,541
Total Expenses
$4,520
Mortgage P&I
189%
$2,920
Property Taxes
33%
$507
Home Insurance
12%
$182
HOA
11%
$171
Property Management
15%
$231
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$385